Change in Clearing Member affiliation

F&O Segment.

(Circular No. 297, download reference no. NSE/MEMB/3661 dated October 07, 2002)

Trading Members on the F&O segment intending to change their association/affiliation from one Clearing Member to another in the F&O segment are required to submit the following documents:

1. Letter from the Trading Member, requesting change in affiliation as per Annexure I
2. Letter from the Disaffiliating/Outgoing Clearing Member as per Annexure II
3. Letter from the Affiliating/Incoming Clearing Member as per Annexure III
4. Draft Clearing Member–Trading Member Agreement as per  Annexure VIII A

Clearing Members undertaking such functions for every Trading Member are required to remit Interest Free Cash Security Deposit of Rs. 2 lakhs and Collateral Security Deposit of Rs. 8 lakhs to NSCCL on behalf of each such Trading Member.

CD Segment.

(Circular No. NSE/MEM/2008/653, download reference no. NSE/MEMB/11534 dated October 23, 2008)

Trading Members on the Currency Derivatives segment intending to change their association/ affiliation from one Clearing Member to another in the Currency Derivatives segment are required to submit the following documents:

1. Letter from the Trading Member, requesting change in affiliation as per Annexure I
2. Letter from the Disaffiliating/Outgoing Clearing Member as per Annexure II
3. Letter from the Affiliating/Incoming Clearing Member as per Annexure III
4. Draft Clearing Member–Trading Member Agreement as per  Annexure VIII B

IRF on CD Segment

Trading Members on the Interest Rate Futures on Currency Derivatives segment intending to change their association/affiliation from one Clearing Member to another in the Currency Derivatives segment are required to submit the following documents:

1. Letter from the Trading Member, requesting change in affiliation as per Annexure I
2. Letter from the Disaffiliating/Outgoing Clearing Member as per Annexure II
3. Letter from the Affiliating/Incoming Clearing Member as per Annexure III
4. Draft Clearing Member–Trading Member Agreement as per  Annexure VIII C
    

Trading Members/Clearing Members are requested to take note of the above and ensure its due compliance accordingly.